(1-a) Compute the current ratio for each of the three years.

(1-b) Did the current ratio improve or worsen over the three-year period?

(2-a) Compute the acid-test ratio for each of the three vears

(2-b) Did the acid-test ratio improve or worsen over the three-year period?

Required information [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. For both the current year and one year ago, compute the following ratios: (1-a) Compute the current ratio for each of the three years. (1-b) Did the current ratio improve or worsen over the three-year period? 13-al rammite the arifitoct ratin for sarh of the throb voare (1-a) Compute the current ratio for each of the three years. (1-b) Did the current ratio improve or worsen over the three-year period? (2-a) Compute the acid-test ratio for each of the three years. (2-b) Did the acid-test ratio improve or worsen over the three-year period? Complete this question by entering your answers in the tabs below. Compute the current ratio for each of the three years. 1-a) Compute the current ratio for each of the three years. 1.b) Did the current ratio improve or worsen over the three-year period? 2-a) Compute the acid-test ratio for each of the three years 2-b) Did the acid-test ratio improve or worsen over the three-year perioc? Complete this question by entering your answers in the tabs below. Compute the acid-test ratio for each of the three years. (2-a) Compute the acid-test ratio for each of the three years. (2-b) Did the acid-test ratio improve or worsen over the three-year period? Complete this question by entering your answers in the tabs below. Did the acid-test ratio improve or worsen over the three-year period